PT  - JOURNAL ARTICLE
AU  - Alan Tilley
TI  - European Restructuring
AID  - 10.3905/jpe.2006.628343
DP  - 2006 Feb 28
TA  - The Journal of Private Equity
PG  - 102--104
VI  - 9
IP  - 2
4099  - https://pm-research.com/content/9/2/102.short
4100  - https://pm-research.com/content/9/2/102.full
AB  - European governments have shown their commitment to the rescue culture by introducing new legislation that seeks to find an equitable balance between creditor and debtor interests. Although legislation varies across the countries, reflecting national and cultural differences, the basic objective is the same: preservation of enterprise value and employment. Governments can change the legal framework, but professionals must adapt to the new opportunities. Those practitioners and organizations that adapt to the challenge and seek innovative solutions will be the future leaders in the European restructuring industry.TOPICS: Private equity, developed, financial crises and financial market history